Steven Mnuchin, Secretary, US Department of the Treasury
US Department of the Treasury
As Treasury Secretary, Steven Mnuchin is responsible for the executive-branch agency whose mission is to maintain a strong economy. Recently, the New York Times reported that the Treasury Department had allowed Fannie Mae and Freddie Mac to retain a reserve amount following a significant tax cut in order for the government organizations to have cushioning against future losses.
Prior to his confirmation as Treasury Secretary, Mnuchin served as founder, chairman and CEO of Dune Capital Management. He also founded OneWest Bank Group and served as its chairman and CEO until its sale to CIT Group, which represented the first post-financial-crisis bank merger worth more than $50 billion. Mnuchin also has extensive experience in global financial markets and oversaw trading in US government securities, mortgages, money markets and municipal bonds.
Mnuchin is committed to philanthropic activities and previously served as a board member for the Museum of Contemporary Art Los Angeles, the Whitney Museum of Art, the Hirshhorn Museum and Sculpture Garden, the UCLA Health System, the New York Presbyterian Hospital and the Los Angeles Police Foundation.